Section 10459 Of Article 2. Registration Of Life Policies From California Insurance Code >> Division 2. >> Part 2. >> Chapter 5. >> Article 2.
10459
. If such insurer owns the building in which it has its
principal office and the land upon which it stands, or if it owns
other real property located in this State and requisite for its
accommodation in the convenient transaction of its business, it may,
with the permission of the commissioner, mortgage such property to
the commissioner for such sum, not exceeding the market value
thereof, as he determines.